Full summary of global oil and gas top stories, breaking news this week
May 15, 2021…. 2 minutes read Prices Rebound Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA, International Energy…
Deregulation: It was unrealistic to continue with the burden of subsidising PMS -Minister
The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development of the country. Sylva made…
Oil prices fall over surge in covid-19 cases in US
Oil prices fell on Tuesday, erasing earlier gains, on concerns that the surge in coronavirus cases in the United States, the world’s biggest oil user, will limit a recovery in…
Nigeria in trouble as US-China fresh tariff war crashes oil prices
Oil prices were lower on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand…
Oil prices surge amid Venezuela crisis, low US imports
Oil prices rose for a third day on Thursday pushed up by lower imports into the United States amid OPEC efforts to tighten the market as well as Venezuela struggles…
Cash crunch ahead as oil prices slip further to 18-month low
A potential cash crunch awaits Nigeria after oil prices fell on Friday ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more…
More pressure on 2019 budget as oil prices crash to $45.64 a barrel
Oil prices fell on Thursday after rebounding 8 percent in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude…
Oil prices nose up as stocks mixed amid Italy crisis, U.S. ADP jobs data
Stock markets around the world were mixed on Wednesday amid signs that Rome would cut budget deficits and decrease its debt in the coming years. Meanwhile, U.S. Treasuries yields hit…
Oil prices edge up on Iran sanctions, trade war sentiment
Oil prices rose on Friday as concerns over the impact of a trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output supported the market. Sweet…
US Iran sanctions, others may push oil price to $150 – Experts
Clouds are gathering over the outlook for the oil market as trade tensions and rising crude supply threaten to swamp demand growth. However, some of the world’s most prominent energy…